QQQ vs RENX: Correlation
Invesco QQQ Trust (QQQ) and RenX Enterprises Corp. (RENX) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RENX?
Over the past 3 years, QQQ and RENX moved with a correlation of 0.05, which is near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.20 versus 0.05 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 288.3 %².
Within QQQ's tracked universe of 4755 assets, RENX comes in at #4216 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 117.3 percentage points (+26.3% for QQQ against -91.0% for RENX). Risk is not evenly split, since RENX carries 16.4 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
QQQ vs RENX: side by side
| QQQ (Invesco QQQ Trust) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | +26.3% | -91.0% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 322.0% |
| Beta vs S&P 500 | 1.28 | 1.58 |
| Max drawdown (3Y) | -22.8% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RENX |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | -90.5% |
| 2025 | +20.8% | -92.5% |
| 2026 | +17.7% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RENX good diversifiers for each other?
Yes. With a correlation of 0.05, QQQ and RENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and RENX?
As of 2026-08-27, the correlation of weekly returns between QQQ and RENX is 0.05 over 3 years, 0.20 over 1 year and n/a over 5 years.
Is RENX a good diversifier for QQQ?
Yes. With a correlation of 0.05, QQQ and RENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: QQQ correlations · RENX correlations
